Ronlon Parts, Inc., manufactures bumpers (plastic or metal, depending on the plant) for automobiles. Each bumper passes through three processes: Molding, Drilling, and Painting. In August, the Molding Department of the Oklahoma City plant reported the following data:

a. In Molding, all direct materias are added at the beginning of the process.

b. Beginning work in process consisted of 9,000 units, 20 percent complete with respect ot direct labor and overhead. Costs in the beginning inventory included direct materials, $270,000; conversion costs, $82,800

c. Costs added to the productiong during the month were direct materials, $570,000; and conversion costs, $1,304,700

d. At the end of the month, 27,000 units were transferred out to Drilling, leaving 3,000 units in ending work in process, 25 percent complete.

REQUIRED:

1. Prepare a physical flow schedule.

2. Calculate equivalent units of production for direct materials and conversion costs.

3. Compute unit cost.

4. Calculate the cost of goods transferred to Drilling at the end of the month. Calculate the cost of ending inventory.

5. Prepare the journal entry that transfers the goods from Molding to Drilling.